Papa John's Shares Earnings Beat, Same-Store Sales Surge

Papa John's breached a key trendline during yesterday's trading

Digital Content Manager
Feb 24, 2022 at 10:16 AM
facebook X logo linkedin


Papa John's Int'l, Inc. (NASDAQ:PZZA) just left the earnings confessional with fourth-quarter profits and revenue that topped analysts' estimates. The company's gross margin also improved despite recent labor shortages and commodity market issues, and its same-store sales rose over 11%. At last check, the stock was down 0.8% at $105.66. 

Papa John's stock has reclaimed most of this morning's steeper losses, amid the broad-market selloff, but is still on track for its seventh-straight daily loss. PZZA has been on a downward spiral of late, and breached the 320-day moving average during yesterday's trading, marking its first close below the trendline in nearly two years. The stock is clinging to a small year-over-year lead, though it has lost over 20% in 2022. 

Analysts have yet to comment, but most members of the brokerage bunch are bullish. Of the 14 in coverage, 10 say "strong buy." Plus, the 12-month consensus price target of $145 is a 38.7% premium to current levels. 

Short-term options traders, on the other hand, were extremely put-biased ahead of the event. This is per PZZA's Schaeffer's put/call open interest ratio (SOIR) of 1.50, which stands higher than 97% of readings from the past year. 

 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI